March sees 25 new listings on Dalal Street, with SMEs leading the pack. Owais Metal shines with a 368% increase, while Exicom Tele-Systems tops the mainline category with a 51.1% gain. Overall, a total of 76 companies have made their debut on Dalal Street in CY24 thus far.
IPOs have gained popularity among retail investors, with many seeing their investments grow rapidly post listing. Applying for an IPO through a demat account using the UPI method is the preferred and simplest option.
The Indian stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), have emerged as global leaders in IPOs for the year 2023.
IREDA and Motisons Jewellers are among the top performers in recent listings, with their stocks trading 490% and 240% higher than their respective IPO prices. Signature Global, Cyient DLM, Netweb Technologies, EMS, and Utkarsh Small Finance Bank are also standout performers.
India Business News: Grey Market Premium explained: The Indian IPO market experienced a busy period last week with the launch of IPOs by five companies. This surge in IPOs